Overall, the crypto community is reassured by Bybit’s ability to manage over $6 billion in withdrawals following the hack.
Bybit closes its ETH gap after a $1.4B hack, with a new Proof of Reserves report confirming full asset coverage.
Newsable Asianet News on MSN20m
Ethereum Under Pressure – Bybit Replenishes $1.23B ETH Reserves, Stolen Funds May Head to MixersEthereum (ETH) fell over 4% on Monday despite showing weekend resilience, as fallout from Bybit’s record $1.5 billion hack ...
Market intelligence platform CryptoQuant says that the Ethereum (ETH) reserves of Bybit are recuperating after the crypto ...
Investigation revealed that BingX, & Phemex hacks were also connected to the same cluster as Bybit's, confirming the threat ...
Bybit has returned to a 1:1 backing of client assets and has fully closed the “ether gap” it faced after an unprecedented ...
The exchange reportedly replenished the Ethereum deficit through a combination of loans, whale deposits, and direct purchases ...
Recently, the theft of $1.5 billion from Bybit exchange has reignited security concerns among Web3 industry investors. ...
CCN on MSN1h
Crypto Payment Firms and OTC Desks Brace for Fallout as Stolen Bybit Funds Move Through the MarketCrypto payment firms and OTC desks are ready to freeze stolen Bybit funds. Various entities froze a total of $42.5 million.
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